ROSHN Group to Participate in Saudi Giga Projects 2025 Summit as Host Partner 

ROSHN Group to Participate in Saudi Giga Projects 2025 Summit as Host Partner 
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ROSHN Group to Participate in Saudi Giga Projects 2025 Summit as Host Partner 

ROSHN Group to Participate in Saudi Giga Projects 2025 Summit as Host Partner 

ROSHN Group will showcase its development vision and highlight its latest projects during its participation as a host partner at the Saudi Giga Projects Summit 2025.

The group will welcome summit participants from May 12 to 14 in Riyadh, where representatives of the Kingdom’s major projects will gather alongside construction companies to exchange insights and showcase the sector’s significant local developments.

The Saudi Giga Projects 2025 Summit offers in-depth analyses and updates on the Kingdom’s major projects, including progress reports, innovative solutions, and future trends.

The summit comes at a time of rapid growth and significant developments in the construction sector, making it a key platform for exchanging expertise, sharing knowledge, and strengthening cooperation among industry leaders and decision-makers.

ROSHN Group is participating in the summit with speakers who will present the group’s ambitious strategy, marking a new chapter following the launch of its new brand identity last year.

The group will also highlight its efforts to support local content and develop the Kingdom’s construction sector through its supplier development program.

Attendees will have the opportunity to register as suppliers in Roshn’s database in coordination with the commercial team.



Israeli Assets Slide as Regional Tensions Escalate

New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021. REUTERS/Nir Elias/Illustration/File Photo
New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021. REUTERS/Nir Elias/Illustration/File Photo
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Israeli Assets Slide as Regional Tensions Escalate

New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021. REUTERS/Nir Elias/Illustration/File Photo
New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021. REUTERS/Nir Elias/Illustration/File Photo

The cost of insuring Israel's debt against default rose on Thursday, and its bond prices and stock indexes slid, as regional security concerns spiked and the country's own government wobbled.

Israel's five-year credit default swaps rose nine basis points (bps) from Wednesday's close, to reach 107 bps, according to S&P Global Market Intelligence, while its international dollar bonds slid more than 1 cent, Reuters reported.

The 100-year issuance, which matures in 2120, shed more than 1.3 cents before retracing some of the loss to be bid at 67 cents on the dollar, Tradeweb data showed.

"A possibility of a more pronounced geopolitical deterioration may take its toll on the local economy and the fiscal deficit, and also make it more challenging for Bank of Israel to lower its rates later this year," said Ronen Menachem, chief markets economist with Mizrahi Tefahot Bank.

The United States has restricted government employees' travel outside certain Israeli cities, and pulled some personnel out of the Middle East, due to escalating tensions with Iran.

Benjamin Netanyahu more time resolve its worst political crisis yet and avoid a ballot that polls suggest he would lose.Israel's parliament rejected early on Thursday a preliminary vote to dissolve itself, giving the ruling coalition led by Prime Minister

Israel's stocks also slid, with the blue-chip and the broader indexes down roughly 2%. The shekel currency fell just less than 1% versus the US dollar, to 3.56, but remained up 2% year to date.

Still, Menachem noted that local indexes are near all-time highs, and assets have rebounded from other recent security related declines.

Markets broadly moved into risk-off mode, with oil prices spiking and fixed income instruments in other emerging markets coming under downward pressure.